Will Elon Musk Use Dogecoin in Twitter’s Master Payment Strategy?

• Three months after Elon Musk took over Twitter, the social media platform is laying the groundwork to introduce payment tools.
• As of this writing, Dogecoin (DOGE) saw a 5.56% spike in its price action in the last 24 hours, with a trading volume of $1,366,964,362.

Elon Musk, the CEO of Twitter, is reportedly pushing forward with plans to integrate digital assets into the platform’s payments system.

According to a report from the Financial Times, Musk wants to build a payments system that supports both fiat currencies and virtual currencies. This would allow Twitter users to make payments with Bitcoin, Ethereum, Dogecoin, and other cryptocurrencies.

The report says that Musk has been meeting with crypto experts to discuss the plans. He is also reportedly considering hiring a new head of payments for Twitter.

The integration of digital assets into Twitter payments would be a major development for the cryptocurrency industry. It would make it easier for people to use crypto to buy and sell goods and services, and it would help to legitimize crypto as a form of payment.

It would also be a major coup for Musk, who has long been a proponent of cryptocurrencies. He has said that he believes that crypto has the potential to revolutionize the way we pay for things.

The news has been met with positive reactions from the crypto community. Dogecoin, one of Musk’s favorite cryptocurrencies, saw a 5.56% spike in its price action in the last 24 hours.

It remains to be seen when Musk’s plans for Twitter payments will be implemented. However, the news is a sign that the cryptocurrency industry is gaining mainstream acceptance.